Charitable giving - Study guides, Class notes & Summaries

CFRE EXAM 2024 WITH 100% ACCURATE SOLUTIONS An annuity buyer can purchase a single-life annuity for themselves. They will be paid in installments, and when they die, the charity keeps/does not keep the principal. - correct answer keeps A buyer can purchase an annuity for themselves and their spouse, and this is called a _______________________ - correct answer two-life annuity A donor receives credit for their gift when they send a check in an envelope on what date? - correct answer dat...

Financial Literacy State Test Review Questions With 100% Verified Answers Amortization - answerPayment of a portion of the principle of a mortgage loan, reducing or amortizing the mortgage amount. Annual Percentage Rate - answerThe total annual percentage amount it will cost a person to use credit. Asset - answerAny items of value that people own, including cash, property, personal possessions, and investments. Automobile Insurance - answerInsurance purchased for cars, trucks, and other ...

CFRE 2024 Grade A+ Exam Questions & Answers Any organized effort by a nonprofit institution or program to secure gifts on an annual basis, either by mail or through direct solicitation, or both. Also, frequently called Annual Appeal, or Annual Giving Program. - ANSWERSAnnual Fund A form of fundraising, which involves the organization and staging of a special event for charitable purposes, with all proceeds above expenses designated as a contribution to the charitable institution concern...

MARKETING 6th EDITION KERIN TEST BANK FULL TESTBANK ALL CHAPTERS INCLUDED 2023/2024. Chapter 02 Developing Successful Organizational and Marketing Strategies Multiple Choice Questions 1. Ben & Jerry's mission to improve humanity is linked to various organizational and marketing strategies, one of which is A. using milk and cream obtained from Caring Dairy, a cooperative that guarantees it suppliers are bovine growth hormone free. B. the intent of making modest profits without sacrif...

CFRE PRACTICE EXAM QUESTIONS AND ANSWERS WITH COMPLETE SOLUTION If a donor states that the amount of money an organization is asking for is very large, the best response is to tell the prospective donor that: Ans- the amount is large, but emphasize the value and long term impact of the gift. When is the most appropriate time to begin devoting time and energy into the development and nurturing of a relationship with a donor? Ans- Immediately upon receipt of the donor's first gift, irres...

Uses for Planned Gifts operations, capital improvements, endowments, mission furthering projects Benefits of Planned Gifts allows the donor a tax deduction, minimizes capital gains taxes, reduces estate taxes, or provides donors with annual incomes. Other facts about planned giving used in the future, in some form other than cash, not an annual gift=not repeatable, relatively large for the organization and the donor. Where do planned gifts typically come from? donor's a...

Credit Card - A plastic card that can be used by the holder to make purchases or obtain cash advances using a line of credit made available by the card-issuing financial institution. Career - A life-work chosen by a person to use personal talent, provide some service or goods, earn money, and contribute to society. Charitable Giving - A gift made by an individual or an organization to a nonprofit organization, charity or private foundation. Charitable donations are commonly in the form of c...

CFRE Exam (2023/2024) Latest Update Graded A Accountability The responsibility of the donee organization to keep a donor informed about the use that is made of the donor's gift as well as the cost of raising it. Acknowledgment Written expression of gratitude for gift or service. Acknowledgment letter A letter sent by a donee, or on behalf of a donee, to the donor, expressing appreciation for a gift and identifying the use that will be make of the gift. An acknowledgment letter may be a form l...

accountability the responsibility of the donee organization to keep a donor informed about the use that is made of the donor's gift as well as the cost of raising it. acknowledgement letter written expression of gratitude for gift or service acquisition mailing (prospect mailing) a mailing to prospects to acquire new members advance gifts gifts given or pledged in advance of a public phase of a campaign, the success or failure of a campaign may depend on the size of the...

CFRE Misc10 Step Fundraising Plan-per Murry - correct answer Identification---------------> Screening ------------> Information | Gift Response ------------------------------------------> Interest | | Prospect Response Appreciation | | Solicitation <--------------- Rating <------------------- Involvement 1. _______________________ 6. Involvement 2. Screening 7._________________ 3. _______________________ 8. Solicitation 4. Interest 9. _________________ 5. _______...